• Proceedings of the Korean Operations and Management Science Society Conference
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• 1992.04b
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• pp.79-80
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• 1992

• Journal of the Institute of Electronics Engineers of Korea CI
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• v.42 no.3 s.303
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• pp.29-38
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• 2005

Although people frequently rely on intuition in managing activities, they rarely use it in developing effective decision-making support systems. In this paper, we investigate and compare the correlations between such characteristics as cognition and emotion characteristics and judgmental time-series forecasting accuracy by using a self-organizing neural network, and eventually aim to help build efficient decision-making atmosphere. The neural network used in this paper employs a self-supervised adaptive algorithm, and the feature of which is that it inherently can use correlation between input vectors by exchanging information between neuron clusters in the self-organizing layer during the training. Our experiments showed that both cognition and emotion characteristics had correlations with judgmental time-series forecasting, and that cognition characteristics had larger correlation than emotion characteristics. We also found that conceptual style had larger correlation than behavioral and analytical styles, and displeasure-sleepiness style had larger correlation than pleasure-arousal style with the forecasting.

• The Korean Journal of Applied Statistics
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• v.23 no.4
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• pp.669-681
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• 2010

Value-at-Risk(VaR) is an important part of risk management in the financial industry. This paper present a VaR forecasting for financial time series based on the quantile regression for GARCH models recently developed by Lee and Noh (2009). The proposed VaR forecasting features the direct conditional quantile estimation for GARCH models that is well connected with the model parameters. Empirical performance is measured by several backtesting procedures, and is reported in comparison with existing methods using sample quantiles.

• Korean Journal of Organic Agriculture
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• v.30 no.2
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• pp.231-239
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• 2022

The purpose of this study is to provide meaningful information for various stakeholders' decision-making process through forecasting of domestic beef demand. Three different exponential smoothing models were evaluated, and a double exponential smoothing model was used to forecast domestic beef demand based on time-series data, As a result of the forecast, domestic beef consumption is expected to increase by 37,000 to 40,000 tons per year from 2020 to 2025.

• Journal of Korea Port Economic Association
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• v.34 no.1
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• pp.81-98
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• 2018

Port logistics is essential for Korea's economy which heavily rely on international trade. Vast amounts of capital and time are consumed for the operation and development of ports to improve their competitiveness. Therefore, it is important to forecast cargo volume in order to establish the optimum level of construction and development plan. Itemized forecasting is necessary for appropriate port planning, since disaggregate approach is able to provides more realistic solution than aggregate forecasting. We introduce a new time series model which is Two-way Seasonality Multiplied Regressive Model (TSMR) to forecast oil cargo volume, which accounts for a large portion of total cargo volume in Korea. The TSMR model is designed to take into account the characteristics of oil cargo volume which exhibits trends with short and long-term seasonality. To verify the TSMR model, existing forecasting models are also used for a comparison reason. The results shows that the TSMR excels the existing models in terms of forecasting accuracy whereas the TSMR displays weakness in short-term forecasting. In addition, it was shown that the TSMR can be applied to other cargoes that have trends with short- and long-term seasonality through testing applicability of the TSMR.

• Journal of the Korean Operations Research and Management Science Society
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• v.24 no.1
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• pp.79-98
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• 1999

There have been a number of empirical studios on the effectiveness of Judgmental adjustment to statistical forecasts Generally the results have been mixed. This study examined the impact of the reliability and the source of the additionally presented reference forecast upon the revision process in a longitudinal time series forecasting task with forecast support systems. A 2-between(reliability ＆ source). 2-within(seasonality ＆ block) factorial experiment was conducted with post-graduate students using real time series. Judgmental adjustment was found to improve the accuracy of initial eyeballing irrespective of the reliability of an additionally presented forecast. But it did not outperform the dampened reference forecast. No effect was found of the way the source of the reference forecast was framed. Overall the subjects anchored heavily on their Initial forecast and relied too little on the reference forecast irrespective of its reliability. Moreover they did not improve at the task over time, despite immediate outcome feedback.

• KIPS Transactions on Software and Data Engineering
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• v.6 no.11
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• pp.527-536
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• 2017

With the recent development of smart grid industry, the necessity for efficient EMS(Energy Management System) has been increased. In particular, in order to reduce electric load and energy cost, sophisticated electric load forecasting and efficient smart grid operation strategy are required. In this paper, for more accurate electric load forecasting, we extend the data collected at demand time into high time resolution and construct an artificial neural network-based forecasting model appropriate for the high time resolution data. Furthermore, to improve the accuracy of electric load forecasting, time series data of sequence form are transformed into continuous data of two-dimensional space to solve that problem that machine learning methods cannot reflect the periodicity of time series data. In addition, to consider external factors such as temperature and humidity in accordance with the time resolution, we estimate their value at the time resolution using linear interpolation method. Finally, we apply the PCA(Principal Component Analysis) algorithm to the feature vector composed of external factors to remove data which have little correlation with the power data. Finally, we perform the evaluation of our model through 5-fold cross-validation. The results show that forecasting based on higher time resolution improve the accuracy and the best error rate of 3.71% was achieved at the 3-min resolution.

• Korean Journal of Fisheries and Aquatic Sciences
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• v.26 no.4
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• pp.363-368
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• 1993

Short-term forecasting of fish catch is of practical importance in fisheries management. Ecosystem models and multi-species models as well as traditional single-species models fall short of predicting power needed for practical management of fisheries resources due to the lack of sufficient data or information for the required parameters. Univariate time series analysis, on the other hand, extracts the information on the stochastic variability from the time series itself and makes estimates of the future stochastic variability. Therefore, it can be used for short-term forecasting with minimum data requirements. ARIMA time series modeling has been applied to the monthly Korean catches of hairtail (Trichiurus lepturus) for $1971{\sim}1988$. Forecasts of hairtail catch were made and compared with the actual catch data from $1989{\sim}1990$ which were not included in the parameter estimation. The results showed a good agreement (r=0.938) between the forecasts and the actual catches with a mean rotative error of $59.5\%$

• Advances in environmental research
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• v.4 no.2
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• pp.83-104
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• 2015

Air Quality Index (AQI) is a pointer to broadcast short term air quality. This paper presents one day ahead AQI forecasting on seasonal basis for three major cities in Maharashtra State, India by using Artificial Neural Networks (ANN) and Genetic Programming (GP). The meteorological observations & previous AQI from 2005-2008 are used to predict next day's AQI. It was observed that GP captures the phenomenon better than ANN and could also follow the peak values better than ANN. The overall performance of GP seems better as compared to ANN. Stochastic nature of the input parameters and the possibility of auto-correlation might have introduced time lag and subsequent errors in predictions. Spectral Analysis (SA) was used for characterization of the error introduced. Correlational dependency (serial dependency) was calculated for all 24 models prepared on seasonal basis. Particular lags (k) in all the models were removed by differencing the series, that is converting each i'th element of the series into its difference from the (i-k)"th element. New time series is generated for all seasonal models in synchronization with the original time line & evaluated using ANN and GP. The statistical analysis and comparison of GP and ANN models has been done. We have proposed a promising approach of use of GP coupled with SA for real time prediction of seasonal multicity AQI.

• Journal of Convergence for Information Technology
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• v.9 no.12
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• pp.54-61
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• 2019

Recently, IITS (intelligent integrated transportation system) has been important topic in Smart City related industry. As a main objective of IITS, prevention of traffic jam (due to car accidents) has been attempted with help of advanced sensor and communication technologies. Studies show that car accident has certain correlation with some factors including characteristics of location, weather, driver's behavior, and time of day. We concentrate our study on observing auto correlativity of car accidents in terms of time of day. In this paper, we performed the ARIMA tests including ADF (augmented Dickey-Fuller) to check the three factors determining auto-regressive, stationarity, and lag order. Summary on forecasting of hourly car crash counts is presented, we show that the traffic accident data obtained in Korea can be applied to ARIMA model and present a result that traffic accidents in Korea have property of being recurrent daily basis.